COMMUNITY OPPORTUNITY FUND

EIN: 813704165 501(c)(3) Housing & Shelter

COLD SPRING, NY

Total Revenue
$4,183,827
Total Expenses
$590,889
Total Assets
$17,102,198
Net Assets
$17,098,761
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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
NY
Principal Officer
DAWN MOTTRAM
Phone
6464309100
Tax Period
2023-01-01 to 2023-12-31

COMMUNITY OPPORTUNITY FUND, founded in 2016, is a community nonprofit in the Housing & Shelter sector that reported $4.2M in total revenue in fiscal year 2023. The organization ran a surplus of $3.6M, a strong 86% operating margin.

Mission

THROUGH ITS ACTIVITIES, THE COF SEEKS TO IMPROVE THE HEALTH, WELLBEING AND OPPORTUNITY FOR RESIDENTS LIVING IN AFFORDABLE HOUSING.

Program Service Accomplishments

Program 1

DEVELOPING AND INVESTING IN AFFORDABLE HOUSING PROJECTS.

Program 2
Expenses: $478,115

PARTICIPATION IN THE COMMUNITIES OF OPPORTUNITY ACADEMIC RESEARCH PROJECT. WE HAVE BROUGHT TOGETHER A MULTI-DISCIPLINARY RESEARCH AND PRACTITIONER TEAM COMPRISED OF NATIONAL EXPERTS WHO WILL DEVELOP...

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PARTICIPATION IN THE COMMUNITIES OF OPPORTUNITY ACADEMIC RESEARCH PROJECT. WE HAVE BROUGHT TOGETHER A MULTI-DISCIPLINARY RESEARCH AND PRACTITIONER TEAM COMPRISED OF NATIONAL EXPERTS WHO WILL DEVELOP AND FIELD TEST AN ASSESSMENT METHODOLOGY TO UNDERSTAND THE KEY PATHWAYS NECESSARY TO IMPROVE LIFE OUTCOMES FOR RESIDENTS LIVING IN AFFORDABLE HOUSING. ENTERPRISE COMMUNITY PARTNERS IS PROVIDING NEIGHBORHOOD ASSESSMENTS VIA ITS OPPORTUNITY 360 PROGRAM, AND IS LEADING ON POLICY AND SYSTEMS CHANGE. THE ASSESSMENTS WILL BE DESIGNED AND LED BY NATIONALLY RECOGNIZED EXPERTS FROM THE DARTMOUTH INSTITUTE OF HEALTH POLICY AND CLINICAL PRACTICE, THE HARVARD T.H. CHAN SCHOOL OF PUBLIC HEALTH, FOCUSING ON THE ENVIRONMENTAL CONTRIBUTORS TO HEALTH; AND COLUMBIA UNIVERSITY'S MAILMAN SCHOOL OF PUBLIC HEALTH LOOKING AT THE COMMUNITY LEVEL DETERMINANTS OF HEALTH. SUCCESS MEASURES, A SUBSIDIARY OF NEIGHBOR WORKS, WILL LEAD THE DATA COLLECTION PROCESS. THE PROJECT WILL TAKE PLACE IN A VARIETY OF EXISTING JONATHAN ROSE COMPANY AFFORDABLE HOUSING PROPERTIES USING A FACTORIAL DESIGN METHODOLOGY, WHICH SEEKS TO DISENTANGLE THE CAUSE AND EFFECT OF VARIOUS PROGRAM INTERVENTIONS UNDER DIFFERENT COMMUNITY CIRCUMSTANCES. WE WILL DEVELOP ASSESSMENT AND INTERVENTION TOOLS AND STRATEGIES THAT WILL BROADEN OUR UNDERSTANDING OF HOW INDIVIDUALS, BUILDING-BASED COMMUNITIES AND NEIGHBORHOODS INTERACT TO CREATE PATHWAYS TO OPPORTUNITY AND IMPROVED LIFE OUTCOMES FOR OUR RESIDENTS. ASSESSMENTS WILL BE MADE AT THE INDIVIDUAL, BUILDING AND COMMUNITY LEVELS.THE PURPOSE OF THE RESEARCH PROJECT IS TO DEVELOP ASSESSMENT AND INTERVENTION TOOLS TO MEASURE THE IMPACT AND COST EFFECTIVENESS OF IMPLEMENTING RESIDENT SERVICES IN LOW INCOME AFFORDABLE HOUSING RESIDENTS AND THE SURROUNDING COMMUNITIES ACROSS THE COUNTRY. IT SEEKS TO DEVELOP THE TOOLS NECESSARY TO UNDERSTAND AND RESPOND TO THE COMPLEXITY OF THE ECOSYSTEM IN WHICH RESIDENTS LIVE, AND THE FACTORS THAT INFLUENCE THEIR INDIVIDUAL LIFE OUTCOMES. OUR APPROACH IS TO COLLECT BASELINE DATA ON IMPORTANT ASPECTS OF THIS ECOSYSTEM, IMPLEMENT INTERVENTIONS TARGETED AT HIGH IMPACT ACTIVITIES, THEN COLLECT LONGITUDINAL DATA TO ASSESS THAT IMPACT IN INTERVENTION SITES COMPARED TO CONTROL SITES. THE RESEARCH PROJECT SEEKS TO DEMONSTRATE THE EFFICACY OF HOUSING BASED OPPORTUNITY STRATEGIES FOR RESIDENTS, OWNERS AND NEIGHBORHOODS, WITH THE GOAL OF THESE RESULTS SCALING AND CREATING SYSTEMS.AN EXCITING AND UNIQUE FEATURE OF THIS PROJECT IS ITS FOCUS ON ENGAGING RESIDENTS AS PARTNERS IN THIS WORK, NOT ONLY IN THE ASSESSMENT PROCESS BUT ALSO AS CO-CREATORS OF INNOVATIVE, HOUSING-BASED APPROACHES TO IMPROVING THEIR HEALTH. A KEY ELEMENT OF OUR IMPLEMENTATION PLAN IS THE CONCEPT OF CO-PRODUCTION: INCLUDING THE RESIDENTS AS CO-DESIGNERS AND CO-IMPLEMENTERS OF THE INTERVENTIONS TO IMPROVE RESIDENT HEALTH OUTCOMES AND REDUCE HEALTH CARE COSTS. CO-PRODUCTION HAS PROVEN TO BE A KEY COMPONENT OF INCREASED RESIDENT PARTICIPATION AND IMPROVED OUTCOMES. POST-IMPLEMENTATION, WE WILL CARRY OUT RE-ASSESSMENTS AND CONDUCT A DETAILED EVALUATION OF THE RESULTS, COMPARING THE OUTCOMES OF THE INTERVENTION SITES WITH THE CONTROL SITES. WE HYPOTHESIZE THIS DATA WILL INDICATE PATHWAYS TO INCREASE RESIDENT HEALTH AND WELLBEING, REDUCE HEALTH CARE COSTS AND PROPERTY OWNERSHIP COSTS, AND COMPARE THE EFFICACY OF THE RANGE OF INTERVENTIONS.AND THEN, WITH MEANINGFUL DATA, WORKING WITH ENTERPRISE, INTERVENING AT THE LEVEL OF PRIVATE FINANCING, AND PUBLIC CITY AND STATE HOUSING PROGRAMS, WE WILL SCALE THESE IDEAS, WITH THE VISION THAT ONE DAY, EVERY CHILD IN AMERICA WILL GROW UP IN A COMMUNITY OF OPPORTUNITY, REGARDLESS OF THE NEIGHBORHOOD IN WHICH THEY LIVE.

Program 3

TO CREATE AND PRESERVE STABLE, THRIVING COMMUNITIES BY ENABLING AND PROVIDING COMMUNITY INTERVENTIONS AND RESIDENT SERVICES IN AFFORDABLE HOUSING COMMUNITIES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,668,575
Program Service Revenue $0
Investment Income $437,798
Other Revenue $77,454
TOTAL REVENUE $4,183,827

Expense Breakdown

Grants Paid $0
Salaries & Benefits $18,658
Fundraising Expenses $0
Program Expenses $478,115
Other Expenses $572,231
TOTAL EXPENSES $590,889

Year-over-Year Comparison

2023 2022 Change
Revenue $4,183,827 $3,959,879 +0.1%
Expenses $590,889 $556,642 +0.1%
Net Income $3,592,938 $3,403,237 +0.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
5
Independent Members
4
Employees
N/A
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
1
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JONATHAN FP ROSE PRESIDENT AND TREASURER 1.00
Officer Director
$0 $0 $0
SUSAN PLUM BOARD MEMBER 1.00
Director
$0 $0 $0
ROBERT L HUGHES BOARD MEMBER 1.00
Director
$0 $0 $0
SANDY PAIK BOARD MEMBER 1.00
Director
$0 $0 $0
CARTER STEWART BOARD MEMBER 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $4,183,827 $590,889 $17,102,198 $3,592,938
2022 $3,959,879 $556,642 $13,744,322 $3,403,237
2022 $3,959,879 $556,642 $13,744,322 $3,403,237
2021 $1,075,945 $296,006 $10,189,949 $779,939
2020 $774,958 $230,848 $9,378,109 $544,110
2019 $8,420,639 $225,378 $8,905,483 $8,195,261
2018 $67,030 $34,082 $606,494 $32,948
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